Assume that an investor pays $800 for a long-term bond that carries an 8% coupon. In 3

Question:

Assume that an investor pays $800 for a long-term bond that carries an 8% coupon. In 3 years, he hopes to sell the issue for $950. If his expectations come true, what yield will this investor realize? (Use annual compounding.) What would the holding period return be if he were able to sell the bond (at $950) after only 9 months?